IBM leans on upward trend line - Analysis - 07-08-2019

2019-08-07 15:11:28 GMT (Economies.com)
 

IBM's stock kept falling in the short term, trespassing the support of the 50-day SMA and getting exposed to negative pressure, while leaning on the main upward trend line, as the RSI reached oversold levels. 

 

Therefore we expect the stock to rise as long as the support of 135 holds on, targeting the resistance of 145.00. 

 

Expected trend for today: Bullish 

 
 
 
  Symbol Last Change Chg.%
1.1120
0.0058
0.5266%
1.3333
0.0196
1.4885%
Tadawul
8005.77
-127.95
1.57%
16.940
0.368
2.221%
59.797
0.686
1.161%
64.95
0.75
1.17%
1475.445
15.600
1.069%
 
 
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